"Rigetti released Cepheus-1-36Q in Q2 2025, achieving 99.9% two-qubit gate fidelity at 28 nanoseconds on a prototype, and established partnerships with key industry players."
"The stock peaked at about $58.15 before retracing, with a market cap of $5.8 billion against $7.09 million in projected revenue for 2025, leading to a price-to-sales ratio of 855."
"Rigetti closed 2025 with $589.83 million in cash and investments, targeting a 1,000+ qubit system by the end of 2027, while nine of 12 analysts rated it Buy or better."
Rigetti Computing's stock saw significant gains following a buy-the-dip recommendation, driven by advancements in quantum technology and strategic partnerships. The company achieved notable milestones, including high fidelity in qubit performance and substantial orders. However, valuation issues emerged, with a high price-to-sales ratio and missed revenue expectations leading to a stock price decline. Despite having a strong cash position and positive analyst ratings, concerns about shrinking revenue and increasing losses remain significant for investors considering their positions.
Read at 24/7 Wall St.
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